TLDR
- BitMine added 111,942 ETH last week, lifting total Ethereum holdings above 5.39 million tokens.
- The company says it now owns 4.47% of Ethereum’s total circulating supply today globally.
- BitMine staked 4,712,917 ETH, valued near $10.1 billion at current company pricing levels.
- Tom Lee called Ethereum’s recent drop below $2,200 an attractive buying opportunity for BitMine.
- BitMine reported $12.3 billion in crypto, cash, and moonshot holdings as of May 25.
BitMine Immersion Technologies said it added 111,942 ETH over the past week. The purchase raised its total Ethereum holdings to 5,390,404 ETH as of May 25, 2026. The company said this equals 4.47% of Ethereum’s total supply.
BitMine Expands Ethereum Holdings
BitMine said its ETH position now stands near 5.4 million tokens. The company based its update on a total Ethereum supply of 120.7 million ETH. Its latest weekly purchase moved it closer to its 5% ownership target.
Chairman Thomas “Tom” Lee said, “We continue to steadily acquire ETH.” He also said BitMine is “expected to reach the ‘alchemy of 5%’ sometime in 2026.” The company has reached 89% of that goal within 11 months.
BitMine said Ethereum remains central to its long-term plan. The company cited Wall Street tokenization and agentic AI as core drivers. It said public blockchains may serve growing demand from financial and AI systems.
Lee also addressed the recent Ethereum price pullback. He said, “We view the recent pullback of ETH to below $2,200 as an attractive opportunity.” The company valued ETH at $2,134 in its May 25 update.
Staked ETH Reaches $10.1 Billion
BitMine said it has staked 4,712,917 ETH. The company valued this staked ETH at about $10.1 billion. This figure used the same ETH price of $2,134.
The staked ETH equals more than 87% of BitMine’s total ETH holdings. The company said its staking operations produced a 2.75% seven-day annualized yield. Lee said annualized staking revenue now stands at $276 million.
BitMine recently launched MAVAN, the Made in America VAlidator Network. The company described MAVAN as an institutional-grade Ethereum staking platform. It said part of BitMine’s ETH already runs through MAVAN.
MAVAN was built first to support BitMine’s own Ethereum treasury. However, the company plans to serve institutions, custodians, and ecosystem partners. BitMine said the platform focuses on security, performance, and resilience.
Cash, Bitcoin, and Moonshot Assets Add to Treasury
BitMine said its crypto, cash, and moonshot holdings totaled $12.3 billion. This amount included 5,390,404 ETH and $444 million in cash. It also included 203 BTC and other investments.
The company reported a $200 million stake in Beast Industries. It also said it owns $95 million of Eightco Holdings, which trades under ORBS. BitMine described these holdings as part of its moonshot investments.
BitMine said it remains the largest Ethereum treasury company. It also called itself the second-largest global crypto treasury. The company said Strategy Inc. remains ahead with reported Bitcoin holdings.
BitMine also noted strong trading activity in its stock. The company said BMNR traded $572 million per day on a five-day average. It said this ranked the stock 193rd among 5,704 U.S.-listed stocks.
The company moved to the New York Stock Exchange from NYSE American on April 9, 2026. Its common stock continues to trade under the ticker BMNR. BitMine said institutional backers include ARK’s Cathie Wood, Founders Fund, Pantera, Kraken, and Galaxy Digital.
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